Who Must File an FBAR

United States persons are required to file an FBAR if:

The United States Person had a financial interest in or signature authority over at least one financial account located outside of the United States and The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported.

United States Person means United States Citizens; United States Residents; entities, including but not limited to, corporations, partnerships, or limited liability companies created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States.

All information you provide will remain completely confidential and will not be provided to the IRS or any other federal or State Government Agency or anyone else (unless and until filings) or other communications are agreed upon and authorized by you).

DISCLAIMER

Please note that information presented in this website is not intended as legal advice and should not be relied upon as such. Because of the complexity of the related issues and the possibility of legislative and/or regulatory change, no representation of completeness or accuracy is made herein or by this Office. The tax and legal requirements that may be discussed herein are subject to change at any time. Accordingly, this information is intended only as informational. We strongly recommend that professional counsel be consulted, as appropriate, when any relevant type of transaction is contemplated.